ACCA BT · Chapter 7 · Question 10 of 10
Money laundering is often described as having three stages. In which stage is illegally obtained cash first introduced into the financial system, for example by depositing it in bank accounts?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Placement
Explanation
Placement is the initial introduction of criminal proceeds into the financial system. Layering involves complex series of transactions to obscure the source of funds, and integration is the reintroduction of the laundered money into the legitimate economy, so it appears to come from lawful sources. 'Disguise' is not a recognised stage.
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